Answer: Into functional departments, with departmental managers who report to the CEO and small corporate staff
Explanation: In simple words, functional structure refers to the structure under which an organisation divides its work by making different departments for the core activities that are to be performed.
Under such structure, every department have employees working on a single activity they were assigned to like sales finance etc. Every department gets one manager who is liable to report to the CEO of the company.
Answer:
Present Value= $45,454.55
Explanation:
Giving the following information:
You will get a rent of $50,000 each year.
The discount rate is 10%.
To calculate the present value at time zero of the first rent, we need to use the following formula:
PV= FV/(1+i)^n
PV= 50,000/(1.10)= $45,454.55
<u>Answer:
</u>
The liquidity of a company with significant amounts of obsolete inventory is best measured by the inventory turnover ratio.
<u>Explanation:
</u>
- Depending on how functional the inventories are, the ratios of inventory turnover would bulk or shrink.
- To have a clear picture of the amounts of obsolete inventory, an examination of the inventory turnover ratio would help greatly as it would dispense the necessary comparative data related to all the inventories.
- The functionality of the inventories can thus be clearly devised from the inventory turnover ratio.
Answer: Option B
Explanation: Marketing plan refers to the plan made by the senior managers of an organisation that depicts the marketing strategy to be used by the company in the coming period. This is a flexible plan and is made for generally a period of 12 months.
This, plan consist of of all the factors that are essential for positive marketing. It outlines the execution procedure and the various analysis required. It also includes the financial and controlling procedures to be used.
Hence, we can conclude that the right answer is option B.
Answer:
The correct answer is letter "B": It is the perception of marketplace needs and the ways the organization can satisfy them.
Explanation:
The vision of a company reflects the objectives of the firm related to its surrounding environment. In other words, a company's vision comprises its operative goals in regards to the transactions necessary to satisfy its consumers' needs and wants. It is suggested that a company's vision would be a segment no longer than 150 words.
